My employee just informed me that he has had a job offer from another company and in accepting this offer, given me his one month’s notice. This is a hardworking and capable employee who I’ve always been able to rely on, and it will take me months to recruit and train a suitable replacement. How can I make him stay? Should I extend a counter-offer to him?
Whoa, hold your horses! Before you rush out a counter-offer, take some time to consider the implications if your attempt turns out to be successful, and keeping your employee turns out to be a Pyrrhic victory.